ANCIENT TRUTH
BANKERS ARE TRUSTEES
ROOSEVELT SEEKS RETURN
MESSAGE TO CONGRESS
Halted Tress Association—By Electric Tcleeraph—Copyrlsht. (Received March 30, 1 p.m.) WASHINGTON, March 29. President Kooscvclt asked Congress in a special message on AVednosday to provide Federal supervision of investment securities. The President said that the public had sustained severe losses through practices neither ethical nor honest. Ho would propose soon legislation relating to tho bettor supervision of tlio purchase and sale of all properties dealt with in our exchanges. Hc_ also spoke of the legislation he had in mind to correct unethical and unsafe practices on the part of officers and .directors of banks and other corporations. "What wo seek," he said, "is a return to a clear understanding of tho ancient truth that those who manage banks, corporations, and other agencies for handling or using other people's money are trustees acting for others;"
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19330330.2.78
Bibliographic details
Evening Post, Volume CXV, Issue 75, 30 March 1933, Page 11
Word Count
145ANCIENT TRUTH Evening Post, Volume CXV, Issue 75, 30 March 1933, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in